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XRP / USD – XRP goes parabolic with a 95% spike
Key Support Levels: $ 0.5, $ 0.481, $ 0.45.
Key Resistance Levels: $ 0.556, $ 0.58, $ 60.
The growth of XRP over the past week is truly remarkable. The cryptocurrency managed to climb more than 95% when it started climbing from $ 0.28 to explode higher and test 2019 highs at $ 0.556 today.
Most of the price surge began on Saturday after XRP managed to break out of the 2019 high and push past $ 0.4 to hit the $ 0.48 level. The coin froze on Sunday but managed to close the daily candle at $ 0.45.
Today, XRP climbed from $ 0.45 as it climbed 22.6% to reach $ 0.556, where it tested 2019 highs. It has since fallen slightly to trade at $ 0.538 – at the time of writing.
XRP-USD Short Term Price Prediction
Looking ahead, the first resistance level is expected at 2019 highs around $ 0.556. Above this, resistance is found at $ 0.58, $ 0.60 (extension 1.618 Fib) and $ 0.65 (bearish retracement .786 Fib). The added resistance is found at $ 0.68 (1,414 Fib Extension).
On the other hand, the first support level is at $ 0.5. Below that, support is found at $ 0.481 (.236 Fib), $ 0.45 and $ 0.431 (.382 Fib).
As expected, the RSI and the Stochastic RSI are in overbought conditions as the market becomes parabolic.
XRP / BTC – Buyers hit new 8-month highs
Key Support Levels: 2800 SAT, 2665 SAT, 2500 SAT.
Key Resistance Levels: 3000 SAT, 3100 SAT, 3200 SAT.
XRP is also doing very well against Bitcoin as it hit a new 8-month high today, hitting the 3000 SAT level.
Similarly, Saturday jumped against BTC when it broke through 1800 SAT and the 200-day EMA to hit 2500 SAT. The coin continued further today as it rose from 2400 SAT to break the resistance at 2665 SAT (bearish 0.5 Fib) and 2930 SAT (bearish .618 Fib) to reach the 3000 SAT level.
XRP-BTC short term price prediction
Looking ahead, if buyers exceed 3000 SAT, the first resistance level is at 3100 SAT (1.4414 Fib Extension). This is followed by greater resistance at 3200 SAT, 3300 SAT (bearish .786 Fib and 2020 highs) and 3524 SAT (bearish .886 Fib).
On the other hand, if the sellers push lower, the first support level is at 2800 SAT. Below that, support sits at 2665 SAT, 2500 SAT, and 2440 SAT (.382 Fib).
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